Property Taxes are different for each County in Hawaii.  There are also Homeowner Exemptions.

REAL PROPERTY TAX RATES

FOR THE CITY AND COUNTY OF HONOLULU

FISCAL YEAR JULY 1, 2025 TO JUNE 30, 2026

 

Tax Rate Per $1,000

Net Taxable Real Property Value

Class (A)

Residential (Properties with Home Exemption. Must be Primary Residence)

$ 3.50

Class (B)

Hotel and resort

$13.90

Class (C)

Commercial

$12.40

Class (D)

Industrial

$12.40

Class (E)

Agricultural

$ 5.70

Class (F)

Preservation

$ 5.70

Class (G)

Public service

$ 0.00

Class (H)

Vacant agricultural

$ 8.50

Class (I)

Residential A (Properties without a Home Exemption)

Tier 1: First $1,000,000

 

 

$ 4.00

 

Tier 2: In excess of $1,000,000

$11.40

Class (J)

Bed and Breakfast

$6.50

Class (K)

Transient Vacation

Tier 1: First $800,000



$9.00
 

Tier 2: In excess of $800,000

$11.50

Class (A) Residential with a Home Exemption. 

Taxes are calculated by deducting the Home Exemption amount from the Assessed Value first and then dividing the balance of the Assessed Value by $1,000. Multiply the balance by the appropriate tax rate above.  For Example:

Assessed Value:

$1,000,000

Home Exemption:

  ($100,000)

Balance:

   $900,000

Divide by $1,000 - Balance

     $900.00

Residential Class A:

x       $3.50

Tax for the Year July 1 to June 30:

       $3,150

The deadline for filing for a Home Exemption is September 30th.

Class (I) Residential Properties without a Home Exemption. Second homes and rentals or primary residences where an owner failed to file for a Home Exemption are assigned to the following two tiers based on the valuation of the property:

 (1)   Residential A Tier 1 tax rate: applied to the net taxable valuation of the property up to $1,000,000; and

 (2)   Residential A Tier 2 tax rate: applied to the net taxable valuation of the property in excess of $1,000,000.

Taxes are calculated by taking the first $1,000,000 of the Assessed Value and divide it by $1,000. Then multiply that by the first tier rate. Take the balance of the Assessed Value and divide it by $1,000 and multiple that by the second tier rate.  Add the two calculations together.  For Example:

Assessed Value

$2,500,000

First $1,000,000 of the Assessed Value

$1,000,000

Divide by $1,000

      $1,000

Tier 1 Rate

x         4.00

Total Tier 1

      $4,000

Balance of Assess Value

$1,500,000

Divide by $1,000

      $1,500

Tier 2 Rate

         11.40

Total Tier 2

    $17,100

Total Taxes for July 1 to June 30

    $21,100


* Taxes for Transient Vacation Tiers 1 and 2 are calculated the same, except Tier 1 is on the first $800,000 of the assessed value of the property.

For more information please go to www.realproperty.honolulu.gov.

Watch this video on the Residential Valuation process (courtesy of the City and County of Honolulu)